| Product Code: ETC7379371 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on imports of rapid immunoassay test strips/cassettes, with top exporters being the USA, Puerto Rico, Trinidad and Tobago, Barbados, and India. The Herfindahl-Hirschman Index (HHI) indicated high market concentration. Despite a negative Compound Annual Growth Rate (CAGR) of -3.01% from 2020 to 2024, there was a slight improvement in the growth rate from 2023 to 2024 at 3.19%. This suggests a potential shift in market dynamics and demand for these essential medical products in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Rapid Immunoassay Test Strips/Cassettes Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Rapid Immunoassay Test Strips/Cassettes Market - Industry Life Cycle |
3.4 Grenada Rapid Immunoassay Test Strips/Cassettes Market - Porter's Five Forces |
3.5 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Grenada Rapid Immunoassay Test Strips/Cassettes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of infectious diseases in Grenada |
4.2.2 Growing awareness about the importance of early diagnosis and treatment |
4.2.3 Technological advancements leading to the development of more efficient and accurate rapid immunoassay test strips/cassettes |
4.3 Market Restraints |
4.3.1 Limited healthcare infrastructure in Grenada |
4.3.2 High cost associated with rapid immunoassay test strips/cassettes |
4.3.3 Regulatory challenges and approval processes for new products |
5 Grenada Rapid Immunoassay Test Strips/Cassettes Market Trends |
6 Grenada Rapid Immunoassay Test Strips/Cassettes Market, By Types |
6.1 Grenada Rapid Immunoassay Test Strips/Cassettes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Nasopharyngeal Swab, 2021- 2031F |
6.1.4 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Oropharyngeal Swab, 2021- 2031F |
6.1.5 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Nasal Swab, 2021- 2031F |
6.1.6 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Rapid Immunoassay Test Strips/Cassettes Market, By End use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Clinics, 2021- 2031F |
6.2.4 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Public Health Labs, 2021- 2031F |
6.2.5 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Private and Commercial Labs, 2021- 2031F |
6.2.6 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Physicians Labs and Research Institutes, 2021- 2031F |
6.2.7 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Rapid Immunoassay Test Strips/Cassettes Market Import-Export Trade Statistics |
7.1 Grenada Rapid Immunoassay Test Strips/Cassettes Market Export to Major Countries |
7.2 Grenada Rapid Immunoassay Test Strips/Cassettes Market Imports from Major Countries |
8 Grenada Rapid Immunoassay Test Strips/Cassettes Market Key Performance Indicators |
8.1 Adoption rate of rapid immunoassay test strips/cassettes by healthcare facilities in Grenada |
8.2 Frequency of usage of these test strips/cassettes in diagnostic procedures |
8.3 Level of investment in research and development for improving the performance of these products. |
9 Grenada Rapid Immunoassay Test Strips/Cassettes Market - Opportunity Assessment |
9.1 Grenada Rapid Immunoassay Test Strips/Cassettes Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Rapid Immunoassay Test Strips/Cassettes Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Grenada Rapid Immunoassay Test Strips/Cassettes Market - Competitive Landscape |
10.1 Grenada Rapid Immunoassay Test Strips/Cassettes Market Revenue Share, By Companies, 2024 |
10.2 Grenada Rapid Immunoassay Test Strips/Cassettes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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